Technovator Expects Increased H1 2024 Losses

Technovator International (HK:1206) has released an update.

Technovator International Limited has issued a profit warning indicating an expected loss of RMB 70-80 million for the first half of 2024, a significant increase from the RMB 13.9 million loss in the same period of 2023. This downturn is attributed to reduced revenues due to delayed project investments in a challenging market and government policy environment, as well as a strategic decision to lower gross profit margins in the face of intense industry competition. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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